Todd Pohokura Limited v Shell Exploration NZ Limited

Contract – mining & energy

Todd Pohokura Limited v Shell Exploration NZ Limited – [2015] NZCA 71 – Stevens, Wild and Cooper JJ – 20 March 2015

Joint venture for oil exploration and production – offset rules governing rate of production adopted by majority of participating interests – whether rules contrary to JV agreement and invalid – whether rules deprived minority interest of full entitlement under agreement – whether rules and actions had effect or purpose of substantially lessening competition under s27 to s 29 Commerce Act. 

 

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